Policy

European leaders determined to make the financial sector pay its fair share
February 15th 2013 / 
Daveh
 

They’re not waiting around!

Just less than a month since the European Union gave the green light to eleven countries to implement a Financial Transaction Tax (FTT), yesterday the European Commission published details of the tax which is set to be implemented.

The smart design and scope of the tax means it will be extremely difficult for financial institutions to avoid paying up.  It won’t matter where in the world the trade takes place, all appropriate trades will be subject to the tax.

The FTT will raise a massive 30-35 billion euros a year, ensuring that the financial sector that caused the economic crisis pays its fair share and helps those who have been hit hardest. The top European tax chief also explains that the FTT will ‘temper irresponsible trading’ and encourage the financial sector to engage in more responsible activities.

The determination of European leaders to make the financial sector contribute to the cost of economic recovery puts our government to shame.

David Hillman, Robin Hood Tax campaign spokesman, said:

"The UK is behind the curve - at a time of austerity ministers are choosing to give up billions that could help protect public services and put the UK economy on the road to recovery."

So what happens next?

The participating countries will meet every month to discuss the European Commission’s proposal with a view to reach an agreement this summer. All 27 EU countries can join the discussions but only those implementing the tax will have a vote. This is important as it means that opposing countries, such as the UK, cannot block the tax from being introduced.

And we will make sure that these countries commit to spending the money in the right way – such as saving public services, creating new jobs and helping to tackle poverty and climate change overseas. Only then will a Robin Hood Tax truly be won.

Has your council signed up to support the Robin Hood Tax?
Find out now

Comments

Apple began selling the iPhone 5S and iPhone 5C in China on Friday, coinciding with its release in the U.S. Previously, Chinese consumers had to wait months after an initial release in the U.S. before a major Apple product would become available in Chinese stores. [url=http://www.greentable.or.kr/new_data/samp.asp?tiffany-bracelet/]tiffany bracelet[/url]

upon Glitschka's remarkably critically acclaimed guide, "Vector Basic Training: A scientific Creative Method with regard to Making Excellence Vector A muslim, inch typically the hands-on program will certainly guidebook contributors by way of a methodical method with regard to building with Glitschka's highly awarded book, "Vector Standard Teaching: A Systematic Creative Course of action regarding Building Accuracy Vector Art work, " typically the hands-on course can guideline people through the step-by-step course of action to get creating So as to get a major my perform posted on this website (eventually); currently I am just discussing a mature job: a poster for any department chili cook-off i always gained an American Studio merit to get this year. The particular picture with the chili peppers will be inventory that I did a little bit fun doodling through. Our own Replicate Editor Charlie Barcus composed often the content, and that i combined a few baptistère through the Crazy To the west Media, such as Ashwood Abridged and also Gatlin Strong, in addition to Lucas dom Groot's The combo coming from his or her Thesis typeface placed for the smaller content. The background consistency came from Von Glitschka's e-book Rip apart Crackle Lose. <a href="http://www.pensemalin.fr/contents/lunettedesoleiloakley/" >oakley pas cher</a>

Excellent website you may have the following yet I became wondering when you learned involving virtually any message boards that cover the same topics referred below? We would love to become a a part of class where We can find ideas posted by experienced individuals who talk about precisely the same fascination. If you have almost any ideas, i highly recommend you time to share recognize. Many thanks! nike tn requin pas cher http://www.samtentse.asso.fr/mindrolling/nike/

Prime Minister Sharif condemned the U.S. drone attacks and said the drone strikes have severely damaged the government's efforts for dialogue and establishment of peace but he is confident that the process would not be allowed to be derailed. titanium rings http://www.gnsinbo.or.kr/name.asp?titanium-rings/

Fine list the following. I actually have not heard of a lot of them but experimented with Groove Shark a bit back. Really a large quick site to apply and a good amount of tunes to pick from. Have got to try out others at some time! air max pas cher http://mofact.org/wp-content/temp/

Wicked noises amusing my partner and i dnt tink diz ipad tablet is supposed intended for human beings Absolutely no additional units merely blog yet software mean More money to air max pas cher http://mofact.org/wp-content/temp/ spend, just like is a worst type of point. <br />. -= GDI Blog's very last site... Locate Great Compensation for injuries Rates and also Cover Your Business =-.

Add new comment